On Tuesday, European traders reported that the Algerian state agency ONAB had issued a tender for up to 240.000 metric tons animal feed corn from optional origins.

They said that the deadline for submitting price offers to the tender is on Wednesday, July 2.

Traders said that the latest tender was for six consignments ranging from 30,000 to 40 000 tons, which would be shipped between August 1 and 15.

Algeria has issued corn tenders every week in May and June but the participation of trading houses is said to be low.

Some traders claim that they view the repeated corn tenders not as an indication of actual demand but rather as a price check.

The traders also said that delays in the unloading of ships in Algerian port had caused financial hardships for previous sellers. (Reporting and editing by Jan Harvey; Michael Hogan)

(source: Reuters)